PYMNTS

MAY 7, 2020

Any $1,200 COVID-19 stimulus checks sent to dead people by the Internal Revenue Service (IRS) must be returned, the agency says. However, the erroneous payments to dead people may have come about because the IRS largely sent out payments based on people’s tax returns for 2018 and 2019.

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IRS Checks Direct Deposit Returns 64

PYMNTS

FEBRUARY 22, 2019

Much has been said in this space about Business Email Compromise ( BEC ) scams, where bad actors frequently pose as corporate officials, directing targeted individuals to send money to different accounts, or they pose as suppliers and present phony invoices to be paid. The IRS cited “spoofed” addresses that seemed official.

Direct Deposit 54

Direct Deposit Scams IRS Business Email Compromise 54

PYMNTS

JUNE 1, 2018

QuickBooks on Thursday (May 31) said it is now offering “Contractor Direct Deposit” as a new feature in QuickBooks Payroll. The tool supports businesses “who want to pay their independent contractors the same convenient way they pay their employees – via direct deposit,” the company said in a press release.

Direct Deposit 40

Direct Deposit B2B IRS Payroll 40

PYMNTS

APRIL 9, 2020

The first round of emergency assistance is expected to reach people who have previously provided direct deposit information to the Internal Revenue Service (IRS). Most Social Security recipients get their benefits through direct deposit, according to the congressional committee’s announcement.

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IRS Direct Deposit Social Security Accounts 102

PYMNTS

APRIL 23, 2020

Others, using the IRS’s Get My Payment tool on its site, have seen messages like “Unable to determine eligibility,” in cases where direct deposit information is unavailable. Holtzblatt said the IRS “didn’t have much time” to ensure that everything worked correctly due to the immediacy of the myriad problems the virus caused.

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IRS Checks Direct Deposit On-Demand 70

PYMNTS

JANUARY 8, 2021

Millions of payments have already been made via direct deposit and paper checks, with the goal of quickly delivering assistance. The IRS is supposed to distribute all payments by Friday, Jan. Instead, those people will either get a new card, paper check or direct deposit. Department of the Treasury seal.”

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Debit Card Checks IRS Direct Deposit 129

PYMNTS

JANUARY 6, 2021

Payments for the second round of economic impact payments were reportedly sent via mail or direct-deposited into people’s accounts on file. Millions were slated to be automatically deposited by Jan. Those users were looking for deposits on the IRS Get My Payment tool. According to the U.S.

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Blocks Checks IRS Direct Deposit 71

PYMNTS

DECEMBER 22, 2020

In addition, customers who used PayPal or Venmo 's Direct Deposit features to receive the stimulus checks the first time via the CARES Act will receive the new $600 payments automatically through the same service this time if they're eligible for the checks.

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Checks PayPal Direct Deposit Venmo 113

PYMNTS

APRIL 5, 2020

The IRS will be using federal tax returns from 2018 or 2019 to determine eligibility. TurboTax teamed up with the IRS and volunteered to develop a tool to help non-filers get their money. The TurboTax Stimulus Registration solution will help people send the IRS a minimal tax return to ensure payment.

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IRS Returns Checks Direct Deposit 91

PYMNTS

APRIL 15, 2020

Walmart is hoping customers will sign up for its Walmart MoneyCard to create a direct deposit account to access the government stimulus payments being sent out this week, touting waived fees and quick access, according to an emailed press release. The retail giant said the process would be safe, easy and affordable.

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Checks Direct Deposit Accounts IRS 98

PYMNTS

MAY 26, 2020

Benefits and functions of the revamped Walmart MoneyCard include free cash deposits at a Walmart Money Center or Customer Service area when tapping into the MoneyCard mobile app. And, with ASAP Direct Deposit, consumers can get their pay as soon as two days prior to payday or government benefits as soon as four days early.

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Direct Deposit Debit Card IRS Deposit Account 88

Segpay

FEBRUARY 28, 2024

In 2008, the IRS passed legislation that required Merchant Acquirers/Payment Facilitators to report on any merchant that processed over $20,000 in annual volume or 200 transactions. Last December, it was widely reported that the IRS was reviewing high-grossing OnlyFans content creators. If you miss the tax deadline, there are options.

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IRS Returns Facilitators Acquirers 52

PYMNTS

MARCH 26, 2020

As reported, those Americans with direct deposit account information stored with the Internal Revenue Service (IRS) — the conduit through which they get refunds — will get those payments within a few weeks after legislation is finalized and signed. That’s about 70 million Americans. But those options are there, and at the ready.

Checks 100

Checks Push-to-Card Direct Deposit IRS 100

PYMNTS

MAY 6, 2020

This will help on two levels, both enabling easier access to money for these citizens as well as allowing the IRS — the agency responsible for these payments — to find their records with more ease. The IRS itself has also crafted a tool of its own for underbanked consumers called Get My Payment, which enables stimulus check tracking.

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IRS Checks Blocks Government 88

PYMNTS

DECEMBER 17, 2020

The IRS and a coalition of state tax agencies and tax industry officials are warning individuals that fraudulent text messages are circulating promising people a way to access their $1,200 direct deposit with a link to “complete the last step to finalize the transaction.”

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Scams IRS Federal Trade Commission FTC 84

PYMNTS

APRIL 17, 2020

IRS Has Rocky Start With Stimulus Funds As Money Misrouted. The Internal Revenue Service (IRS) is having a difficult time getting coronavirus stimulus money to those who need it the most, with misrouted funds and error messages on the Get My Payment tool. IRS Launches ‘Get My Payment’ Site To Track COVID-19 Stimulus Payments.

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Cross-Border IRS Direct Deposit Small Business 56

PYMNTS

MARCH 17, 2020

The Internal Revenue Service (IRS) says refunds take an average of 21 calendar days to reach recipients – but as CBS News reported in January 2020, “…the tax agency notes that it can take longer to receive your refund, typically because the IRS needs more time to process the return in case of errors or other problems.”.

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IRS Tax Refunds Direct Deposit Faster Payments 52

PYMNTS

JUNE 1, 2020

The issue got the attention of the IRS, which issued a press release last week stating clearly that Americans should be receiving envelopes marked by “Money Network Cardholder Services” and the cards will be issued by MetaBank , which is the Treasury Department’s financial agent.

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Debit Card IRS Direct Deposit Treasury 52

PYMNTS

APRIL 17, 2020

The Internal Revenue Service (IRS) said on Saturday (April 11) that the first stimulus checks were released via direct deposit and more money will be coming soon.

Accounts 57

Accounts Treasury IRS Direct Deposit 57

PYMNTS

APRIL 5, 2018

As of March 16, 2018, the Internal Revenue Service (IRS) reports approximately 72.7 For many, though, the hard part comes after their taxes are filed and they are forced to play the waiting game, even if they opt to get refunds with direct deposit. million individual returns have been filed electronically, a slight 0.7

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Payments Tools Tax Refunds Direct Deposit Blocks 40

PYMNTS

DECEMBER 16, 2020

The IRS is ready to deal with direct deposit if you have a regular bank account, and they are ready to deal with paper checks, [but] they are not used to dealing with [more] payment methods on a widespread scale,” Jun said in a PYMNTS interview.

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Government Governance IRS Push-to-Card 93

PYMNTS

JUNE 2, 2020

Teladoc recently reported some initial struggles in sending out disbursements to the doctors signed up for its platforms, noting issues in receiving the direct deposit information of those physicians, for example. Disbursement stumbles have not been limited to the healthcare industry, either.

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IRS Checks Instant Payments Direct Deposit 82

Stax

JUNE 27, 2024

They’re mostly used to process direct deposits and payments. Some people refer to ACH payments as direct debit, direct deposit, or auto-transfer. Government payments – You can use ACH to pay individual and business taxes to the IRS.

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Wire Transfer Wire Wires ACH 88

PYMNTS

JUNE 29, 2020

The Internal Revenue Service (IRS) noted that these payments would arrive much faster if recipients arranged for direct deposit rather than receiving a check in the mail, driving many Americans to open online accounts specifically for this purpose.

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Online and Mobile Banking IRS Adjustments Checks 126

Payment Savvy

NOVEMBER 14, 2022

An eCheck is often referred to as a direct debit, ACH payment, or ACH transfer. With an electronic check, money is electronically transferred from the payer’s checking account to the seller’s checking account, where it is directly deposited after passing through the national ACH network. Consider Direct Deposit System.

Checks 52

Checks Direct Deposit ACH Online and Mobile Banking 52

PYMNTS

JANUARY 5, 2018

The clients can get access to the funds as quickly as 24 hours after the IRS accepts the tax return. ” According to Credit Karma Tax, it can take three to four weeks to get a tax refund from the IRS, while Americans who take the Earned Income Tax Credit or the Additional Child Tax Credit won’t get their refunds until Feb.

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Tax Refunds IRS Direct Deposit Debit Card 41

Nanonets

MARCH 20, 2023

This payment method is widely used for direct deposit of payroll, payment of bills, and business-to-business payments. ACH (Automated Clearing House) payments are electronic fund transfers that use the ACH network to move funds between bank accounts in the United States.

ACH 52

ACH Same Day ACH ACH Network NACHA 52

PYMNTS

JANUARY 10, 2019

According to various estimates, it can take three to four weeks to get a tax refund from the IRS, while Americans who take the Earned Income Tax Credit or the Additional Child Tax Credit won’t get their refunds until Feb. According to the IRS, filers are already a mostly digital bunch. About 92 percent of the 141.5

Tax Refunds 48

Tax Refunds IRS Real Time Payments Blocks 48

PYMNTS

JANUARY 27, 2020

The Internal Revenue Service (IRS) has been blazing a digital trail for years and processed 29 million returns via direct deposit between February 2018-2019. It’s indicative of the disordered state of government disbursements. On the other hand, nothing succeeds like success.

Faster Payments 52

Faster Payments Government Governance Tax Refunds 52

PYMNTS

JANUARY 24, 2020

The IRS has accepted digitally filed tax documents and issued digital refunds for years, and it received approximately 29 million electronic returns via direct deposit between February 2018 and February 2019. Forty-four out of the 50 U.S.

Instant Payments 52

Instant Payments Government Governance Direct Deposit 52

PYMNTS

MAY 11, 2020

Some got it via direct deposit. Others believe there’s a paper check coming but find no details on the IRS “Get My Payment” web portal set up to track the progress of funds. As May flowers bloom, millions of Americans are still awaiting pandemic relief monies from the government. People want answers.

Online and Mobile Banking 52

Online and Mobile Banking Multi-Currency Digital Currency Federal Reserve 52

PYMNTS

JULY 28, 2020

Debit can offer quick disbursements to recipients who are unable to receive funds via direct deposit as well as allow them to access funds without facing the fees typically associated with cashing checks. The July Next-Gen Debit Tracker® digs into how debit payments are being leveraged to support consumers during the pandemic.

Debit Card 85

Debit Card Treasury Online and Mobile Banking Governance 85

PYMNTS

APRIL 10, 2020

The first round of help was forecast to reach those who had provided the Internal Revenue Service (IRS) with direct deposit information in the past. Americans could have started getting coronavirus stimulus funds from the federal government as early as Thursday (April 9) or Friday per a past report.

AI 86

AI Payment APIs and Integration Online and Mobile Banking Payments 86

Payment Savvy

DECEMBER 2, 2022

These banks often have convenient ways to make deposits into your account, such as direct deposit. Some banks also offer the option of depositing money directly into an HSA account from your paycheck. The IRS limits how much you can contribute to your HSA each year.

Debit Card 52

Debit Card IRS Accounts Non-Bank 52

Stax

JULY 1, 2024

While Startup covers only basic payroll features such as direct deposit and the calculation of payroll taxes, the Complete plan also includes comprehensive HR software. Key features include three-day direct deposit, time tracking, a self-service portal, and a free payroll trial.

Small Business 88

Small Business Payroll Direct Deposit Compliance 88

Nanonets

MARCH 4, 2024

Non-compliance with IRS or International Guidelines Misclassification of expenses can lead to tax compliance issues. Offer Direct Deposit: Use direct deposit to reimburse employees, eliminating the need for physical checks and speeding up the process. bi-weekly, monthly) and stick to it.

Process 52

Process Compliance Automation Audit 52

PYMNTS

JANUARY 8, 2018

Funds can be deposited into a consumer’s account with 24 hours of the IRS accepting their fully filed tax return. Those who opt to file with Credit Karma and take their refund early will have their funds deposited onto an American Express Serve Prepaid Card.

Tax Refunds 42

Tax Refunds Scams Legal Wires 42